Part 1 Overview: basic information; the policy environment; the market situation in the new East German states. Part 2 The land market: the planning and legal framework; The market process; The outcome of the urban land market; case studies of the land market. Part 3 The property market; the framework of the urban property market; the property-market process; the outcome of the urban property market; case studies of the property market. Part 4 Conclusions: evaluation of the functioning of the market for urban land and property.